40YR OLD, SBA APPD, IT FIRM NETS $176,922 in MD!!!!!!!!
Business Description
For more than 40 years, the Company provides computer hardware and repair services for business and home based clients/users looking for quality computers and support at affordable pricesm in DMV and beyond.
A-Rated Owners Operated IT FIRM at Great Annapolis Location | Low Operating Costs High Profit Business | Operating as Trusted Technology Advisors from Coast to Coast with Majority of their Sales Comes Through Repeat Business | Strong Cash Flows Year on Year | Well Earned Rocksolid Brand Recognition | Consistent Growth Expected in Revenue & Profit Trends in 2025!!!!!!!!!!!!!!!!!!!
TOP NOTCH CUSTOMERS REVIEWS
With reviews with average rating 4.9 and over 3,000 LOYAL customers base (top notch business and consumers) in their database, this business has been providing hardware, software and services successfully for decades nationwide.
SERVICES OFFERED ON DAY TO DAY BASIS
Construction Management Software:
-Accounting, Job Costing, Project Management, Human Resource Service, Document Imaging and Service and Dispatch Software
Small Business / PC / Networking Support:
-Network Installations, Hardware & Software Sales, On-site Troubleshooting, Phone Support, Disaster Recovery, Online Backup Service, Anti-Virus Protection and Document Imaging Training
Home Computer Sales & Support
-Custom Built Computers, Laptops, Desktops, Hardware, Software, Sales & Support, Wireless Networking, Repairs, Classes and Electronic Equipment Recycling
Check Printing Services
-To meet the needs of customers in retail and commercial industries
BUSINESS & FINANCIAL HIGHLIGHTS (2024)
Location: Strip Mall High Visibility Main Street with ample parking available
Area: Highly sought after ANNAPOLIS AREA Location
Average Net Margins/SDEs: 31.97 %+.
2023 Sales: $ 553,382
Net Free Cash Flow/SDEs: $176,922.00
Payment terms: 95 % (Credit/Debit Cards) | 5% (Cash)
Size: 1,107 SF Storefront situated on a Strip Mall, with low monthly rent of $1,100.
Lease terms: Long term.
Inventory: $ 10,000.00 (approx.) is included in the sale price.
Accounts Receivables: $ 23,093.00 (appox. is not included in the sale price)
Majority Customers Type: Well established small to medium size companies and high income individuals and families, located in good quality residential areas
Yearly Revenue and Profit Trends: Steadily growing
The sale price of $425,000….which is just 2.41 years of NOI !! This is a cash cow business.
Hours of operation: MON-FRI: 9.00 AM-5.00PM
Reason for Sale: Owners Retirement
PROVEN TRACK RECORDS
Founded in early 1980s, the company is an excellent IT solutions provider specializing in construction industry management systems and other industries. With a solid foundation in Microsoft Dynamics and a robust team of experts, the Company has been growing steadily by focusing custom building hardware and software solutions for their clients. Since beginning of the beginning, the founder and owner recognized that top businesses needed tailor-made help in cost-effectively manner taking advantage of rapidly emerging technology. The Computer had become firmly established as an industry standard, but without the proper software, training, and support, many of these expensive machines sat unused or were only being used for the most basic tasks. Valuing the necessary clients' needs in the marketplace, company stepped into help business owners identify what their software requirements were, find the appropriate hardware and software to meet those needs, and provide the training and support to implement the best possible solution according to changing marketplace requirements.
GREAT LOYAL CUSTOMER BASE
FOR INTERESTED SERIOUS PARTIES PLEASE CALL Aamer Chaudhary (President/CEO Transworld Business Advisors, Downtown Washington DC, Annapolis & Baltimore) AT OFF: +1 (202)-461-2204 OR CELL: +1 (202)-509-3739 or +1(703) 457-0362 OR EMAIL AT Achaudhary@tworld.com.
A-Rated Owners Operated IT FIRM at Great Annapolis Location | Low Operating Costs High Profit Business | Operating as Trusted Technology Advisors from Coast to Coast with Majority of their Sales Comes Through Repeat Business | Strong Cash Flows Year on Year | Well Earned Rocksolid Brand Recognition | Consistent Growth Expected in Revenue & Profit Trends in 2025!!!!!!!!!!!!!!!!!!!
TOP NOTCH CUSTOMERS REVIEWS
With reviews with average rating 4.9 and over 3,000 LOYAL customers base (top notch business and consumers) in their database, this business has been providing hardware, software and services successfully for decades nationwide.
SERVICES OFFERED ON DAY TO DAY BASIS
Construction Management Software:
-Accounting, Job Costing, Project Management, Human Resource Service, Document Imaging and Service and Dispatch Software
Small Business / PC / Networking Support:
-Network Installations, Hardware & Software Sales, On-site Troubleshooting, Phone Support, Disaster Recovery, Online Backup Service, Anti-Virus Protection and Document Imaging Training
Home Computer Sales & Support
-Custom Built Computers, Laptops, Desktops, Hardware, Software, Sales & Support, Wireless Networking, Repairs, Classes and Electronic Equipment Recycling
Check Printing Services
-To meet the needs of customers in retail and commercial industries
BUSINESS & FINANCIAL HIGHLIGHTS (2024)
Location: Strip Mall High Visibility Main Street with ample parking available
Area: Highly sought after ANNAPOLIS AREA Location
Average Net Margins/SDEs: 31.97 %+.
2023 Sales: $ 553,382
Net Free Cash Flow/SDEs: $176,922.00
Payment terms: 95 % (Credit/Debit Cards) | 5% (Cash)
Size: 1,107 SF Storefront situated on a Strip Mall, with low monthly rent of $1,100.
Lease terms: Long term.
Inventory: $ 10,000.00 (approx.) is included in the sale price.
Accounts Receivables: $ 23,093.00 (appox. is not included in the sale price)
Majority Customers Type: Well established small to medium size companies and high income individuals and families, located in good quality residential areas
Yearly Revenue and Profit Trends: Steadily growing
The sale price of $425,000….which is just 2.41 years of NOI !! This is a cash cow business.
Hours of operation: MON-FRI: 9.00 AM-5.00PM
Reason for Sale: Owners Retirement
PROVEN TRACK RECORDS
Founded in early 1980s, the company is an excellent IT solutions provider specializing in construction industry management systems and other industries. With a solid foundation in Microsoft Dynamics and a robust team of experts, the Company has been growing steadily by focusing custom building hardware and software solutions for their clients. Since beginning of the beginning, the founder and owner recognized that top businesses needed tailor-made help in cost-effectively manner taking advantage of rapidly emerging technology. The Computer had become firmly established as an industry standard, but without the proper software, training, and support, many of these expensive machines sat unused or were only being used for the most basic tasks. Valuing the necessary clients' needs in the marketplace, company stepped into help business owners identify what their software requirements were, find the appropriate hardware and software to meet those needs, and provide the training and support to implement the best possible solution according to changing marketplace requirements.
GREAT LOYAL CUSTOMER BASE
FOR INTERESTED SERIOUS PARTIES PLEASE CALL Aamer Chaudhary (President/CEO Transworld Business Advisors, Downtown Washington DC, Annapolis & Baltimore) AT OFF: +1 (202)-461-2204 OR CELL: +1 (202)-509-3739 or +1(703) 457-0362 OR EMAIL AT Achaudhary@tworld.com.
About the Business
- Years in Operation
- 43
- Employees
- 2
- Currently Relocatable
- Yes
- Facilities & Assets
- Business is located in a small strip center with about another six storefronts the same size as our's. Lots of computer parts and accessories included in asking price.
FF&E Overview
All kind of excellent FF & E needed for a fantastic IT business and are included in the sale price.
FF&E General Condition
State of the art and well maintained, good to go for next 10 years.
Since inception in 1982, this business has been providing computer sales, repairs, software services and support, on-line backup services, and Office 365 administration for over 30 years. - Market Outlook / Competition
- Low. This business enjoys excellent relationship with its loyal customer base due to their proven track record of keeping their customers well served and hence they keep coming back for more business, hence the direct competition is relatively low.
Additonally, what makes this business stand out is the multi-generational presence in the market for almost 30 years, high focus on the customer experience, successful marketing, and tight operational systems/processes that drives business and keep the competition at the bay. - Opportunities for Growth
- The business has focused narrowly on supporting its local community. However, with the rise of cloud computing and remote work, there are opportunities to expand the area of support. The new buyers can take the business to the next level with the help of the following tools:
- Digital marketing
- Adding more professional staff
- Targeting commercial clients and signing up contracts with small to medium size companies for business
- Opening more locations in the future to reach our large masses of people /marketplace
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,080
- Rent
- Not Disclosed
- Lease Expiration
- 5/9/2033
About the Sale
- Seller Motivation
- retirement
- Transition Support
- 4 weeks
- Financing Options
- Owner Financing Amount $100,000.00 Owner Financing Interest 7% Owner Financing Terms
Listing Info
- ID
- 2302257
- Listing Views
- 3034
Listing ID: 2302257 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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